Question: What Is DP ID In CDSL?

What is DP account in CDSL?

DP ID is a number allocated to the Depository Participant such as a broking firm, bank or financial institutions by the CDSL and NSDL.

Usually, the first 8-digits of your Demat Account number is your DP ID where the last 8-digits of your Demat Account number is the customer ID of the account holder..

What is DP ID?

DP ID – also known as the Depository Participant Identification – is a number assigned to the Depository Participant such as a bank, financial institution and broking firm by the NSDL and CDSL. Secondly, a demat account number is usually a combination of the customer ID and the DP ID of the demat account holder.

How can I know DP ID of DP?

Log in to Console>Profile>Demat. You’ll be able to see the Depository name under Depository details.

Which is better CDSL and NSDL?

Both NSDL and CDSL are depositories, and technically there is no difference between the two. NSDL started in 1996 vs CDSL in 1998. NSDL has NSE as its largest shareholder whereas CDSL has BSE. … NSDL holds more because of a tie up they managed to get with some of the big banks in India.

How do I find my CDSL DP ID?

For example:In the case of CDSL, your demat account number is 1234567891234567, then: DP ID is 12345678. Client ID is 91234567.In case of NSDL, your demat account number is IN34567891234567, then: DP ID is IN345678. Client ID is 91234567.